Price of Silver and Gold Today
Price of Silver Today Per Ounce
As we move into a new era of high-end technology, the price of silver today climbs steeply creating a large gap in demand and supply. One of the greatest properties of silver is its high electrical conductivity, and thus in building its huge demand in the world of electronics.
In recent times, silver stands as chief components in the making of computer chips, mobile phones and many more. Years of silver mining have already depleted 90% of the natural silver deposits on the planet with just a mere 10% remaining in traces. These factors are the basic reasons why the demand of silver has increased manifold over the years, and why investing in silver makes sense.
Understanding the value of gold and silver
A quick study of silver a few decades in the past to the present clearly shows a staggering rise in the silver prices. In a similar fashion, the supply of gold is also always high and round-the-clock because gold in one of the most widely used precious metals in ornaments and artifacts. But, gold is usually stored as stock by people and it does not get exhausted. Gold is merely circulated within brokers and consumers whereas silver is non-recyclable metal, and it is due to this reason why experts fear silver may someday disappear from the periodic table.
Locking silver price today per ounce
There are varied investment options globally allocated by dealers and banks to ensure convenience and secure saving. As an investor, if stocking up silver bars or coins burdens you over the question of security and storage, an easier way out is to purchase shares and certificates. EFTs, exchange traded funds, issued in the place of physical silver is easier to trade” buy or sell silver through a brokerage account. In addition, government agencies also offer paper silver that is insured and protected in vaults thereby ensuring you safety and security.
The list of silver investment goes on and on. Today, there is a wide network of banking institutions offering vault protection for investors possessing bars or coins through personal account number. These limitless investment options have made trading silver minting money an opportunity within the reach of many professionals. Lastly, always refer to genuine and authorized broker or authentic websites for trading silver online.
Safest bet is silver or gold?
At a time when both The American and European economies are facing uncertainty, two precious metals are increasingly being looked at as safe havens. These are silver and gold. Both of these metals have seen their prices go up substantially, as the largest economies have been in doldrums.
Even though there has been a scurry by investors to invest in both of these precious metals one is sometimes forced to wonder, which of these two is a safe bet? Or rather, in times of a crisis which metal would fetch you more returns? Let us try to answer this question by examining the merits of both metals.
The glitter of gold
Gold, as you may already know is the only precious metal has seen its prices rising for more than a decade at a stretch. On the other hand, silver has seen its price per ounce triple since the year 2009 and even touched an all time high of $ 49 per ounce in the middle of the previous year. Gold is looked at, not only as an investment; its sheen has been dazzling mankind from times immemorial.
Till date, people in the east especially in countries such as India and China procuring gold on a special occasion is considered auspicious. Both these countries are going are all out to dint into retail investors that some part of their income should be dedicated to purchase of gold for investment purposes.
This seems to have had an impact and the therefore the demand of physical gold has gone up over 10 per cent from the previous year from these two countries alone, despite a 25 per cent rise in the price of gold. Having said that about gold , there is enough reason to believe that the price of silver will go up considerably in the near future.
The upwards journey of silver
Consider some statistics to understand this. A common theory used to analyse silver is the silver and gold ratio. Or in other words this ratio determines how much silver would be required to buy one ounce of gold. This is based on a mathematical assumption that states that the quantity of silver that is to be found on the crust of the Earth is 17 times the quantity of gold. If that is true, the silver gold ratio should not go below 17:1.